Gold miner StBarbaraLtd is in discussions with interested parties at its Simberi mine in PNG mining resources deal transaction data diggersndealers
KALGOORLIE – Gold miner St Barbara on Tuesday announced that it has started discussions with a number of interested parties that have expressed interest to acquire the Simberi asset, in Papua New Guinea.said that a data room on the project had been open, and interested parties had been allowed access.“It’s good to see the interest. There are Australian, North American and other companies looking at it,” Welsh said.
“So that’s probably why we started looking at the review, and obviously cost pressures play a part. We have a lot of capital requirements at the one time, so you have to think about where the best capital allocation would be for us.”Meanwhile, the company on Tuesday announced that the social and environmental impact statement for the sulphide project at Simberi had been approved by the Conservation and Environmental Protection Authority.
Meanwhile, Welsh noted that discussions with fellow-listed Genesis Minerals, over a potential combination of assets in the Leonora province, were continuing.
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